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Search Results 0 to 34 of about 35 (some duplicates have been removed)
. >> in germany, chancellor angela merkel is looking at the possibility of perhaps having to reshuffle her cabinet. after a university committee withdrew the doctoral title from, of all people, the country's education minister after finding she had plagiarized her thesis. >> commentators are comparing this to the transportation minister being caught drunk driving or the finance minister hiding cash in monaco. for now, though, the chancellor is giving her support. >> the german cabinet is full of doctors. the finance minister, the foreign affairs minister, the economy minister and vice chancellor, and, of course, the chancellor herself, dr. angela merkel. it is an unfortunate twist of fate that the education minister, of all people, is to be stripped of her doctorate. she got the news in south africa. >> i will not accept the decision by the university of dusseldorf, and i will challenge it in court. now that i am is involved in a legal battle with the university, i must ask for understanding that i cannot comment further on the matter today. >> after an investigation lasting months, the university
causing a controversy ahead of elections due to come up this september. angela merkel's government has presented plans to slow the rise. >> the plan involves limiting the surcharge consumers paid to support the expansion of renewable energy like wind and solar, but that could prove controversial. >> renewals like wind and solar now account for a quarter of the electricity produced in germany, but going green costs money. now the government plans to cap electricity costs both by cutting green energy subsidies and scrapping special allowances for industries that use large amounts of energy. >> we all know that price is not the only issue in germany's energy transition, but it is an important issue that has lots of people worried, so we have to give some answers. >> the government wants to keep prices stable by canceling a planned 2 billion euros increase to a green energy subsidy paid by consumers, but first, they have to convince opposition parties to go along with it. >> we cannot allow them to put the brakes on expanding renewable energy. we want to meet the goals we have set for clim
corruption allegations and has won praise from german chancellor angela merkel for his handling of the economic crisis. he has imposed a harsh austerity measures and lowered borrowing costs, but the spanish economy is continuing to contract. >> the german chancellor warmly welcome the spanish premier, a change of pace for the prime minister facing the problems at home. he traveled to berlin wristbands that the. ever deeper into-- he traveled to berlin with spain even deeper into the concession. >> i reiterated once again that we're full of respect for the reforms implemented in spain. >> he touted his government's financial policies pointed out that as a spending has been reduced and ailing financial institutions have been restructured. he predicts the reforms will reflected in unemployment numbers and he intends to finish the job. >> as i already said saturday, i am just as courageous, convinced, strong, and determined as i was when i took office to solve the worst spanish crisis in 30 years. >> both governments are desperate to bring the crisis under control. they want to exce
, and when unionist died on the picket line. >> in germany, chancellor angela merkel has praised the european union's hard-fought budget for the next seven years. she told parliament the proposals agreed in brussels earlier this month were the best way to ensure economic stability in europe. >> the budget includes some spending cuts for the first time. critics say it does not focus enough on boosting jobs and growth. >> angela merkel says all eu member states must cut costs. two weeks ago, the chancellor and british prime minister david cameron went out in brussels securing an eu budget cut of around 3%. now merkel has defended that decision. she says the crisis means everyone has to save. >> i will say it quite plainly -- it would have been hard to explain to people in europe, both to the states hit by the crisis and those bearing the bulk of the burden of solidarity why everyone in europe has to say except for europe itself. >> but the opposition disagrees. social democrats' candidate for chancellor peer steinbrueck says merkel advocates too much austerity and too little investment. he also
collections turning into a cliffhanger. >> angela merkel close to angola. >> at the oscars, ben aflac's i ran in conflict, "argo" takes home the prize for best picture. captioned by the national captioning institute --www.ncicap.org-- >> it looks like it will come down to the wire in italy where the latest election results appear to be pointing towards political gridlock. this poll is crucial as they are deciding who will lead them to the debt crisis. >> the votes are still being counted, but it looks like the central left is neck-and-neck with the central right, led by former leader burlesconi. the outcome could decide whether austerity is in or out. early predictions givingpier luigi bersani a clear lead in the lower house of caller meant. -- of parliament. as most likely partner is outgoing prime minister, mario monti, the architect of an austerity program popular with the international world. he may have been upstaged, but they currently have a slim lead in the upper house of parliament. a further muddying the picture, his tirades against the political elite helping his 5- farm movement t
minister and chancellor angela merkel, we heard a lot of talk about that possible free-trade agreement between the eu and the u.s. we heard john kerry in your report just they're talking about jobs, jobs, jobs. there appears to be a great deal of economic pressure on both sides of the atlantic driving some motivation toward a possible free trade deal, but again, there were other foreign policy issues, including afghanistan and, particularly, syria on the agenda. >> what about this free trade deal? >> there is talk right now of actually getting negotiations going formally sometime this coming summer. within two years, that is the time frame they are talking about, officials right now, of having some sort of deal in place, but there are huge hurdles on the way. there's been talk of a free- trade agreement for a long time. many people thought it would be dead. it appears to be revived with great economic pressure to get it going. >> thank you very much for that. >> last year, the white house announced a big strategic shift, what it calls it pivot to asia, as a response to the rise of chin
, political stability. >> earlier, we spoke with a foreign policy spokesman, one of angela merkel christian democrats, and we asked about what international security had to do with energy policy. >> country and a new chance for them because they would be a major decrease of the prices for energy in america. because of the shale gas and crude oil debate, this would change the geopolitical situation also in the middle east because not any longer setting arabia will be the field station for america. maybe this will change in 10 or 15 years. this is part of this conference. m staying with the energy sector, a u.s. oil giant, exxon mobil's, has posted 2012 earnings just shy of $45 billion. yes, that was billion. the second highest ever for a publicly held company, despite slight declines in its oil and gas business, the company improve its bottom line by about 6% compared to 2011. strong performance from exxon's refinery division helped drive the growth. the $45 billion mark is just a couple hundred million dollars shy of the all-time record set back in 2008 by -- you guessed it -- exxon. better
clearly divided, german chancellor angela merkel was keen to play down the differences and talk up the prospects of reaching agreement. >> the starting positions are quite far apart. but speaking for germany, i say we will do everything we can to come to an agreement. because in times of uncertainty and high unemployment, it is essential for people to be able to plan their future. >> it is about politics, not just numbers. the trick will be to find a deal that allows each of the 27 national leaders to claim victory when they return home, and members of the european parliament have warned that if the budget makes too many cuts, they may veto the whole package. >> will there be a deal this time around? for more on the budget summit, let's go now live to brussels and our correspondent. the start of this conference has been put off. what is happening? >> let's be clear. the official start of the conference has been put off, but really, there has been tough bargaining going on behind the scenes since this afternoon. especially great britain seems to be a tough nut to crack, and there do
originally proposed. >> german chancellor angela merkel went into the talks saying she was confident the agreement would be reached. in the end, the 27 member states came up with a compromise that even british prime minister david cameron welcomed as a good deal for britain >> it is perhaps nobody's perfect budget, but there is a lot in it for everybody. obviously, you can look at the end result through many, many prisons. from the overall european perspective, i want to emphasize that the budget is future- oriented. it is realistic. it is driven by pressing concerns. >> the total budget ceiling over the next seven years has been tapped at about 960 billion euros. it is the first-ever net reduction. reaching a unanimous agreement between all of the eu's member countries was a difficult task. >> it is not easy reach an agreement between 27 different countries, but we've managed it, so we are now confident and positive going into negotiations with the european parliament. we know it will not be easy, but we are all agreed that what is important is that we have taken a great stride towa
by angela merkel's conservatives, by and large. a lot of people in conservative ranks want to defend what they view as a more traditional view of the family. these are divisive issues. there's a lot of passion around this. it is very emotional. the greens are saying they're going to make all these issues an element of their election manifesto, so that should be interesting. there is a lot of passion in germany. i have to say also that is not quite as much as it was recently in france where tens of thousands of people took to the streets in demonstrations for and against same-sex marriage. we saw similar scenes in the british parliament as well. >> the outlook is brightening for europe's biggest economy. investor sentiment in germany has surged to a three-year high. >> the index is one of the most closely watched investor confidence surveys. it pulls germany's top 300 financial analysts and is being taken as another sign that the german economy could rebound quickly from a sharp slowdown at the end of last year. on today's market action. german blue chips rallied tuesday to lock in solid g
morning. it's wednesday, february 20th. i'm angela miles. in today's first look: the short trading week is off to a postive start. the dow made a push above 14,000 and the s&p 500, which is not at a 5 year high. gold had a major sell-off of 32 dollars as oil slipped slightly. in earnings after the close, dell beat the street despite a drop in profits and sales. and herbalife profits, revenues and the company's full-year forecast are all up. perhaps it's all the news coverage giving herbalife a lift. and macy's goes to to court today hoping to persuade a judge to permanently block martha stewart's living omnimedia from its deal with jcp. here to kick off our trading day on this wednesday, mark sebastian of option pit mentoring. i would love to get your reaction to the earnings coming out from dell after the close last night mark. > > yeah, kind of interesting. we daw dell tick up a little bit. i think this lends further credence that maybe that deal price is going to go higher. $13.65, maybe i think we seek something closer to $14 now that these earnings were not bad. > google crossed $8
in a series of missteps from peer steinbrueck, since he was named candidate to challenge angela merkel. >> those remarks lead many to ask if he is the best candidate for the job. this is the comment that so offended the italian president. >> to a certain extent, i am appalled at kid -- that two clowns have one -- won. one is a professional clown who will not be offended by this term, mr. grillo, and the other is definitely a clown with extra testosterone. >> let's get more on this from simon young in our parliamentary studios. how much of a liability is he becoming for his party and his campaign? >> he can become a liability if the voters believe that talk like this is a sign of poor judgment rather than just straight talking. peer steinbrueck has tried to relaunch his campaign after a faltering start last year, when he made comments, suggesting that the pay for the chancellorship should be increased at a time when a lot of public servants are facing pay freezes. the thinking is he might be able to get away with, like this as an opposition politician, but as chancellor if he became cha
wants to replace angela merkel as chancellor in september is in hot water over italy's e -- election. >> he spoke of the near winners as clowns. one of them, beppe grillo, is a comedian, so he might not be that defended -- offended. >> the other is silvio berlusconi. he is a two-time former prime minister. >> the italian president's state visit to germany has been overshadowed by the diplomatic incident created by peer steinbrueck. italy and germany would continue to work together, despite occasional irritations. >tuesday, peer steinbrueck referred to a delete's former prime minister -- to italy's former prime minister as a clown. >> when one talks about things concerning another friendly, allied country, and about the result of a free election, one must be well balanced in his choice of words. >> he would not be drawn into the matter. >> i do not wish to comment. some statements are sufficient in themselves. >> he said italy would soon have a new government, insisting the country is not ungovernable. >> the world health organization says certain cancers are more likely to develop in
, yes, strutting its stuff, but how luxury brands are faring. we talk to ceo angela aarons. we'll hear from her later in the show. >>> and taking the positive u.s. housing numbers from the nhab numbers. we'll be in new york with analysis at 11:45 cet. >> the italian election race is heating up. there is less than a week before voters head to the polls. comedian turns politician beppe grillo, in fact, is owes closing in on sylvia berlusconi for second place. official polls can no longer be published. the private polls seen by reuter s suggest mario monti may, in fact b with be something of a spoiler. >> and the election largely coming down to five key candidates. the front-runner is bersani. he's the leader of the center left pd party, calling for growth measures alongside monte's plan. sylvia berlusconi is threatening to make a political comeback despite corruption scandals. we've mentioned the comedian beppe grillo. at the same time, the former caretaker mario monti, he's been struggling to gain ground in his first ever political campaign. and then last, not necessarily least, there's
. mario monti says german chancellor angela merkel doesn't want italy's center left party to win the elections this weekend. the outgoing prime minister said merkel feared a consolidation of parties from the left, especially in an election year for her. the german leader has so far refrained from commenting on the election. what does all of this mean? julia joins us now from milan. julia, i have to confess, i don't really understand what monti's point is here. >> well, you know, we have to give it a bit of context, kelly. this was in response to something berlusconi said about the possibility that mario monti had already signed an agreement with the democratic left party, the democracy party mr. bersani with the agreement with angela merkel. i don't think mario monti has hidden the fact that he's concerned about the influence, particularly the power of the union on the democratic party. if we look on the german side, the foreign minister said what they want ultimately is a party that's going to continue with the reforms, that's going to continue with the fiscal consolidation. i'm
are repayments, repayments scheduled, the election in germany and we all know, i believe that angela merkel will be re-elected, but those are the sort of big things that i'm looking at to see how the markets will react. >> let me switch gears to ask you your take on the banking sector. i know you're on the board of barclays so i'm not asking to give away any secrets here, but there's a real movement across the world to split up some of these banks. how do you think this is going to go? are you expecting a global standard when it comes to the financial services sector? what's your take on how the major banks change the course of business in the coming years? >> well, maria, i'm sure you're aware that, obviously, i have restrictions about what i can say, but i think that the story in general since 2009 has been one of global standards. i know christ ianella guard has spoken about this going back to the g-20. a lot of discussion about coming together. there's a lot of conversations going on in the background that are aiming to have some convergence around these issues. remember, these economie
this is a must read for angela merkel, nicolas sarkozy and dave cameron. now, in my way of thinking he left out some southern european countries that might also have gotten something out of it. but it's easy to see why, you know, after you get a read of it, you know, why so many people need to know what bill knows and how he knew it and what he did with it. in terms of doing it. now, everybody knows that bill spent 53 years at citigroup. now, i've heard over 50, bill, i've heard 55 today, and so we're going to go with over 50. that's a considerable amount of time. and when you think about that time frame and going back, he was a devout disciple of our late and great chairman of, walter riston. walter, again, when you talk about bill and walter, you talk about icons in this field. now, every single treasury secretary would come to see walter riston. and there were problems in argentina, there were problems in your bay, there was problems in peru, there was problems in brazil, there was problems in mexico, there was problems in jamaica, there was problems in panama, and then we go over here, and
need to say to mrs. merkel, mr. president: angela, eisenhower, brant, schmidt, cole, all of these men had a vision of europe. help me to achieve our vision of europe. you've said that you would recreate the french vision when you were elected, and now in the council you can help breathe life back into the european vision. thank you. [applause] [speaking in native tongue] >> translator: thank you very much, indeed. now on behalf of the united liberals and -- [inaudible] displt thank you, president. mr. swoboda's already done it, but let me say again, let me thank you -- congratulate the liberal in you, if you don't mind. i don't want to create problems that your socialist friends, but your struggle in favor of marriage for all is a step forward, it's a new freedom, and it's at the heart of the battle that we're trying to fight in our group. thank you very much. [applause] [speaking in native tongue] >> translator: sixty years ago, jean manet said we're bringing together men, we're not bringing together states. and, in fact, still true, mr. president. our union only has a meaning if it
is napolitano is supposed to be meeting with angela merkel for lunch today, i believe. >> no clowning around at that lunch. >> well done. i wish i were a fly on the wall for that one. >> it does make things extremely awkward ahead of that meeting. >> there's nothing quite like, you know, all the stereotypes that people talk about. there's nothing quite like when somebody comes out and proves stereo typical -- >> confirms that sense, contactually. >> mario draghi indicated his intention to keep the euro going, saying we are far from having an exit in mind. >> at this point in time, economic policy remains cognitive because we are far from being in a situation where we can actually start having an exit in mind. we see that inflationary expectations are very well anchored. if anything, inflation is going down. and we foresee for next year a significantly an inflation which is significantly lower than 2%. >> if we're going to see inflation significantly below 2%, it's being suggested there's room for them to do more, isn't he? >> possibly. i think for the most, the ecb, i think everything more o
on the american embassy. vice president biden is in europe. he met angela merkel today. he now heads to a major security conference by chance in munich with dozens of heads of state and 70 defense and foreign ministers. that will be key. the situation in turkey as it is with iran, may upgrade nuclear facilities and he'll also meet syrian opposition leaders. a lot going on in terms of defense and politics. let me mention one more to you. today it was announced gili is taking over that manufacturing base for just $17 million. carl, it's what they call the third wave of globalization where former emerging or developing economies -- india and china -- now come back into the main stream, into western europe or america and buy those branded assets. in particular of course land rover bought by the indians. back to you. >> all i know is great leg room. you got a lot of leg room in those. >> more expensive i'm afraid. >> good weekend, simon. >> you too. >> let's check on energy and commodities. sharon epperson has a lot of news today. >> there is a lot of news. there's a lot of correlation too between w
in italy said he was shaken by the news, while the chancellor angela merkel said she respects his decision. and david cameron sending his wishes. it comes in a meeting this morning, he announced this decision to leave the papacy at the 28th of february at 8:00 at night. it was a decision made without consulting anyone. there was a lot of surprise. and also, the spokesman, when he made a speech -- or when he had a press conference just a few hours later, he said, you know, we need some time, we need some days to try to better understand how to move forward. just to better understand what's going to happen afterwards, is that there will be a conclave of 118 cardinals that will be electing the new pope. so clearly what happens between now and then, really, is that the pope will continue doing what he has done so far. his decision was unexpected. and the way he announced it was very, very simple. he said he doesn't feel he has the strength, mental and physical and spiritual, to move forward in this position. he needs the physical strength that he does not have. he has been ill. his health has
in the eight months you have been in office. that is a good thing for europe and citizens. angela merkel is no longer the ceo of merkel limited. if you need a balanced approach to compromise. we have a growth fact in order to counter blind austerity measures. we now need to flesh out this pact to create jobs. because of unemployment is extraordinary. you have made an agreement to a banking union with mrs. merkel. now the department will have to decide on the same thing in the next few weeks. social europe still exists. our commitment has been taken to reinforce the eurozone. we need specific measures. these are real projects. europe finds itself still in crisis. the socialist and democratic groups and the european parliament has been fighting with austerity overdoses four months. two years ago we suggested removing certain types of investment from the balanced budget role in calculations. nothing happens. we rejected that idea. we have recessions. we have unemployment skyrocketing. we do not want any more of this austerity. we need to give the european economy a breath of oxygen and fres
today with angela merkel. this is one election reverb rating and causing problems for policymakers. >>> more broadly, take a look at the italian markets. it is the red spot. down 0.4%. this has been key to trade both with the euro and generally with u.s. features futures this morning. so down about 0.4%. it was down about 0.6%. at those levels, you started to see u.s. futures turn negative. it looks like we're going to be able to hold up here. german unemployment data only that and can cpi data, the main releases this morning. german unemployment adjusted at 6.9% held steady in january. the cpi fell on the month but was up 2% year on year. it's spurring talks about a rate cut. quick look at the bond space next, this is where where he watch for policy cues. we're seeing a rally. we're seeing yields slightly lower. no real signs of concern emanating from here this morning. turn quickly to forex and the euro/dollar which was trying to continue to hold its ree bound, that's not the euro/dollar. we are at 1.5186 for sterling/dollar. sorry. we're over here at 1.3109. giving up about 0.2%
Search Results 0 to 34 of about 35 (some duplicates have been removed)